RE: Future of powerhouse energy12 Sep 2025 14:53
It is running out of money hence a fund raise, if a company is spending money but not earning money then it's fairly obvious what happens to the bottom line.
The AGM presentation suggest a minimum of 12 months from an order being placed to generating revenue, no orders have been placed, will the cash in the bank stretch another 12 months, more likely 24 months? No, and engsolve isnt there to bankroll the floundering side. Project financing, JV, licensing etc sound great, but need an order.